33 E Mechanic StCape May Court HouseNJ08210
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cape May Court House at 33 E Mechanic St, Cape May Court House, NJ, 08210 priced at $549,900 converts $4,494/mo rent into $575/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,494/mo, and annual cash flow totals $6,899/yr on $180,917 invested. Return on cash invested prints 23.87% in year one, and rental yield reads 9.81% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 125.3% and total cumulative return in cash sums $226,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,494/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08210, Cape May Court House, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,586 (100%) |
| Owner Occupied HU | 6,043 (70.4%) |
| Renter Occupied HU | 1,157 (13.5%) |
| Vacant Housing Units | 1,386 (16.1%) |
| Median Home Value | $477,600 |
| Average Home Value | $580,927 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,661
Multi-Family
14
Businesses
682
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Listed by: Jeffrey Quintin • eXp REALTY
Mls Name: CMCAOR
Mls ID: #253140